Greenbriar Sustainable Living Inc V.GRB

Shirley Temples

[Hubbie87]

Shneps,

Would you agree with me that once an acceptable offer comes in, and Jeff agrees to it, then the water rights, the comparables, the Altus report, the migration patterns of the Boll Weevil in Scotland, really won't matter to the GRB shareholder? All you guys are preaching to the wrong choir. Shareholders have the asset, you should be screaming to potential buyers of Sage Ranch that water rights are effected by Marin county. Us shareholders get to sit back, relax, have a Shirley Temple, and wait for offers to roll in. Kinda dumb to tell shareholders how horrible their asset is when an offer just doubled the value of their share price.. right?

[shneps]

Hubbie, I agree with a legitmate offer. My opinion is the offer is not really a legitmate offer when being from a friendly.

[sheepherder1234]

The deal is the offer smells smells...If it does not have a codition that the offer is only valid if the water issue can resolved the and the court case be dismissed before they remove their subjects..I would be shocked....But bipolar Jeff wants to protray the Water Authority as "stupid" and it being a moot point...just the VALUATION is clearly stated as NOT BEING A VALUATION by Altus

[Hubbie87]

Of course it's a valuation, that is what an NPV IS, $179M with 6% discount.. that's a valuation. 

[sheepherder1234]

That is a NPV for aa proforma for the project IF it was totally built out...not for the LAND AS IS..which is totally unserviced with water issues...Altus clearly states they were never asked to provide a valuation for the land..but they did a Proforma valuation on PROJECTED numbers of the project....Some reach to claim $179M is the current value of  the unserviced land wit water issues being

[Hubbie87]

Does Altus state Appraisal or Valuation that they were not asked to do?